Cost of Living in Lake Havasu City, AZ

Population 58,037 · Arizona · Data vintage 2023

120
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lake Havasu City skews considerably older than the national median, with an average age of 56. Reported household income of $66,264 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.

Located 110 miles southeast of Henderson, Lake Havasu City is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 12% lower than Henderson's $465,000.

Cost Overview

Housing 135
Rent 97

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lake Havasu City

The median home value in Lake Havasu City is $411,500 — 35% above the national median of $305,000. Median rent runs $1,269/month, 3% lower than the national median of $1,314/month. The median household income of $66,264/year is 11% lower than the US median of $74,580. The local unemployment rate is 5.1%, above the national average of 4.8%. Arizona's top state income tax rate is 2.5% and the combined sales tax is 8.4%. Overall, Lake Havasu City has a cost of living index of 120 versus the US average of 100, meaning it is 20% more expensive.

🏠 Housing

Median Home Value
$411,500
35% above avg
Zillow Home Value
$456,263
Zillow ZHVI
Median Rent
$1,269/mo
3% below avg
Zillow Rent
$1,575/mo
Zillow ZORI
Price-to-Rent Ratio
27.0x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$985
1 BR
$1,055
2 BR
$1,373
3 BR
$1,877
4 BR
$2,092
Owner-occupied 73.4%
Renter-occupied 26.6%

💰 Estimated Monthly Budget

Rent median rent
$1,269
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,883/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.0 min
33% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.3%

Commute Mode

Drove alone
75.7%
Carpooled
11.3%
Public transit
0.2%
Walked
0.8%
Bicycle
0.8%
Work from home
8.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 2.5%
Total Sales Tax 8.4%
State rate 5.6%
Avg local rate 2.8%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$66,264
11% below avg
Per Capita Income
$42,642
Unemployment Rate
5.1%
6% above avg
Poverty Rate
13.9%
Labor Force Participation
45.8%

🎓 Education

Bachelor's degree+ 11.5%
Graduate degree 6.8%

👥 Demographics

Median Age 55.7
Male median age 55.8
Female median age 55.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 15 — Good
97.5%
Good air days/yr
99
Max AQI recorded
0
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Lake Havasu City, AZ?

Lake Havasu City has a cost index of 120 (100 = national average). It is 20% above the national average.

What is average rent in Lake Havasu City, AZ?

The median gross rent in Lake Havasu City is $1,269 per month based on 2023 Census data.

What is the average home price in Lake Havasu City?

The median home value in Lake Havasu City is $411,500 according to Zillow and Census data.

What is the median income in Lake Havasu City?

The median household income in Lake Havasu City is $66,264 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Havasu City, AZ?

The combined state and local sales tax rate in Lake Havasu City is 8.4%. The Arizona state income tax top rate is 2.5%.

Is Lake Havasu City, AZ affordable?

Lake Havasu City is above average in cost of living, with an index of 120 — about 20% higher than the national average.

Lake Havasu City at a Glance

Population
58,037
Median Income
$66,264
Home Value
$411,500
Median Rent
$1,269/mo
Unemployment
5.1%
Sales Tax
8.4%
View all cities in Arizona →
🗺️ County data for Arizona

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs